Nilanchol Chamber of Commerce organised a business summit. Safal Private Limited, a registered manufacturer of readymade garments, sponsored the summit and paid a sponsorship fee of ₹ 1,50,000 to Nilanchol Chamber of Commerce. Mr. Godbole, an independent director of Safal Private Limited, provided the taxable services worth ₹40,000 to the Safal Private Limited in the capacity of director in this regards. The total value on which Safal Private Limited is liable to pay GST (as per provision applicable till 28th February 2025) is _________.